Prediction: 12 months from now, the Aviva share price could turn £5,000 into…

happy senior couple using a laptop in their living room to look at their financial budgets

Image source: Getty Images

The Aviva (LSE:AV.) share price has taken a hit in recent weeks as turmoil in the stock market doesn’t bode well for the insurance giant’s investment portfolio. However, that doesn’t seem to have shaken analyst confidence in the long-term potential of this enterprise. In fact, compared to a month ago, the share price forecasts for Aviva have actually increased.

Rising analyst projections

A central piece to management’s strategy is to reach £2bn in operating profits along with £1.8bn in Solvency II operating fund generation by 2026. At the same time, Aviva is aiming for more than £5.8bn in cumulative cash remittances between 2024 and 2026. For reference, these figures stood at…

Source link